Jewellers ready to end month-long strike, get back to work

Jewellers may completely call off their strike in the next few days after the Government’s assurance that the Ashok Lahiri Committee will consider all their demands, Assocham National Council on Gems & Jewellery Chairman Sankar Sen said on Tuesday.

“About 60 per cent of the jewellers have already called off the strike. The government is also co-operating, has set up the Ashok Lahiri committee and assured the jewellers that the committee will consider all the demand of the industry. I think that in another day or two, the jewellers may call off the strike,” Sen said at a meeting of the council in the National Capital.

After keeping their shutters down for almost six weeks against the proposed 1 per cent excise duty on non-silver jewellery, a large section of jewellers and bullion traders across the country reopened their shops on Tuesday.

To address the jewellers’ issues and examine procedural aspects of the levy, the government has constituted a panel under former chief economic advisor Ashok Lahiri.

The sub-committee will look into issues related to smooth compliance and hassle-free administration, including records to be maintained, forms to be filled, operating methods and other relevant areas.

The jewellers have gone on a strike since March 2 after Finance Minister Arun Jaitley in his Budget announced one per cent excise tax on non-silver jewellery.